The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1887-12-08
BANKS AND BURSTS.
Twenty-fifth Annual Report of the
Comptroller of the Currency, .
Showing the Total Number of Ma
tionaI Banks Organized.
Per Cent Of Voluntary LiquidatiOns
and Failures.
Increase and Decrease Of Capital for
the Year.

WASHINGTON, Dec. 1.-The twenty
fifth annual report of the comptroller o.
the currency is now in print and vii
be presented to congress on the hrs
day of the session. The report shows
that the total number of National
banks organized up to the list OF Octo
Der is 3 ,S05, of which 6A have gone in,
to voluntary liquidation, 119 have
failed, leaving in operation at that date
1851. The total number of new banks
formed during the last year is 225
The total number closed during the
year is thirty-three, of which twenty
five went into voluntary liquidation
| and eight failed. The new banks COM
prise five in the New England, thirty
three in the Middle states, fifty in the
| Southern states, one hundred and seven
in the Central states, and thirty in the
| Western states and territories. OF the
| failed banks one was in New England,
two in the Middle states, four in
| the Southern states, and one in
the Central states. The net increase
of capital for the year is S., 572, 1925. On
the other hand, there is net decrease
of $50, 495. $50 in the circulation, repre-
scented by bonds. The decrease result
| ing from the surrender of circulation by
banks still in operation is $57 ,770. 475,
and the decrease caused by banks going
into voluntary liquidation and failing
is 81 PA $3.50, making gross decrease
| of SIS, 044, S55, which is offset by total
increase of 50, $40 ,265, which consists of
an increase by the formation of new
banks of 81 ,592 900; an increase of cir
culatiOn by previously existing banks
to the amount of So, 957 ,175.
| The affairs of five failed banks have
| hQpT1 OiOanH Hurin0 the Vlar InPIn6inO
among them one of those which failed
during the year. In four cases out of
| the five the creditors have received pay
ment of the principal and interest in
| full and there has been balance of as
sets transferred to an agent Of the
stockholders. In the other case, that
of bank which failed in 1879, the total
dividends amount to 81 per cent. The
/ total amount of money paid IN dlvi-
dends during the past year is 81, 106,-
203. Al: the whole amount paid to cred
| itors of insOlvent banks since the Sys-
tenn has been in operation is $29 ,434 1856
| upon proved claims amounting to $46,-
/ 93S. 1888: the total assessments on stock
holders SIS, 945 $50, of which the gross
collections have been "a, 7S2, $50.
| Very full statistics have been col
lected about the state banks, saving
banks, loan and trust companies and
private banks and bankers through
out the country. The suggestions
made by the comptroller as to amend
ments to the laws are in the form of
a code revising and consolidating old
| existing laws with a number of
changes, each of which is fully ex-
planned and the reasons for it are set
forth at considerable length. The
most important of the changes recon-
mended is that the minimum amount
| of bonds ODE deposited as security Of
circulation shall be 10 per cent of the
| capital of banks of not over $3.50, 0OO
and $25, 600 for banks of which the
capital exceeds $3.50 900; also that the
semi-annual duty on circulation be
hereafter charged only on the amount
issued upon bonds deposited in excess
of the minimum amount as above.
He also recommends that the Ma
tional bank notes be counted as part
of the lawful reserve Of the banks.
The restriction upon banks as to max
ing loans in excess of ten per cent OF
the capital to any one party is modified
in respect to loans upon collateral Sc
curity, and the total limit is raised tC
twenty per cent of the capital and sur.
plus. The proposed code has beer
transmitted to every senator and rep
resentative, with modification of the
existing laws upon the subject, ar
ranged in sections parallel with those
of the proposed code, accompanied by
letter explaining each of the more i'm
portant changes and giving the reason
therefor.
CARLIsLE's VIEW ON THE SUBJECT.
| WASHINGTON, Nov. 30.-The Pos
tomorrow morning will print series
of interviews with nearly hundred
members of congress, upon the Ques
tons which are to be presented to thai
body for it's action during the coming
session, and particularly those relating
to the tariff reduction of the surplus
revenue, and postal telegraph, TIT
Post will summarize the interview al
follows:
Speaker Carlisle states the democrat
ic position with great clearneSS. Hi
views are especially important in view
of the great responsibility which will
be placed upon his shoulders with thu
organization of the house. He be
lieves in an Immediate reduction of tn,
surplus revenues now pouring into thu
treasury. He believes in reducing thu
taxes which produce these revenues a
least $40, 100000 annually. His demo
cratic followers who voted with Mr.
Morrison in the last congress, general
" take the same position. Democrat
ic representatives for Minnesota am
Michigan have the highest confidenc'
that their two states can be mad
democratic upon the revenue reform
issue. Many ways of reducing tn
surplus are suggested. The democratic
. sentiment is largely in favor of increas
ing the free list; adding to it salt, lum
Der and the necessaries of life.
Representative Bynum, of Indiana
thinks that the republicans of the ives
, and northwest are beginning to fee
that they cannot longer oppose Cari1
! reduction with political safety.
Representative Turner, of Kansas
: comes forward with a new proposition
, to substitute exported grains. View
) on the postal telegraph are both diver
! and interesting. Unlike the tariff it
? not a party question. The represent
! atives who favor it are numerous.
: Representative Wade, of Michigan
: is in favor of a government TELEGRAPH
and wants the government to apprC
: pirate $40, zoo, 900 for the purpose. o
the other hand the arguments agains
the government ownership as given b
+ Mr. Hutton, of Missouri, Mr.. Wise, @
| Virginia. Mr.. Merriam, of New Yorl
z and number of others, are that til
) government ought not to increase il
: civil list by so, 600 operators; that tn
> government ought not to go into pr
/ unwise and undemocratic. All of th
: congressman, however, with one or tW
r exceptions agree that a strong pressuI
3 will be made to bring the matter b,
q fore the present congress, and the
q seem willing to devote some time to
4 thorough discussion of it.
f Not a single doubt is expressed /
g either democrats or republicans as
# the nomination of President CleveIan
S and the democrats are certain of h
q election. The unanimous sentiment
It that the democratic candidate for vic
n president must come from the ives
ie The Indiana congressman favor Go
Is ernor Gray. Mr.. Villas has son
Le friends in Texas. The IllinC
n delegation is divided betwe;
ID Black and Stevenson. T.
Of republican congressman usually fav
Mr.. Blaine, although the Ohio repl
sentatives mention Mr.. Sherman as
very likely choice of the party. Rep
re- sentative Cannon, of Illinois, who "
av chairman of the judiciary commit
y when the republicans controlled t
nc house, thinks Mr.. Blaine could can
a his state better than anybody e